Gold futures traded marginally higher on Monday despite investors remaining cautious ahead of the naming of the next US Federal Reserve chair and ahead of a two-day Federal Open Market Committee (FOMC) meeting, both this week. Gold futures for December delivery rose 0.1 percent at $1,273 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.1 percent at $1,271.70 an ounce.

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